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Carbon Capture and Storage Association··ReleaseCarbon Capture
Carbon capture body urges Energy Wealth Fund to back CCUS projects
The Carbon Capture and Storage Association wants the Government's new £2 billion Energy Wealth Fund, funded from North Sea oil and gas revenues, to help carbon capture projects reach final investment decisions and start construction. It points to projects already under way at Teesside, Merseyside and North Wales as evidence of the reindustrialisation at stake, and argues that clear funding now would keep skilled workers and investment in the UK rather than losing them overseas.
Our readCarbon capture projects stand or fall on investors seeing a clear route to construction, so this lobbying push, timed to a new public fund, is asking the Treasury to be that route.
Read the announcement at Carbon Capture and Storage Association →
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